related link should work for everyone California’s $25-an-Hour Minimum-Wage Boomerang Gov. Newsom now says the law he signed last October would add to the state’s fiscal woes. He ignored warnings at the time. https://www.wsj.com/articles/califo...obfvcqraeoj&reflink=desktopwebshare_permalink
At the rate California is going, it will have the first trillion dollar deficit by 2035. States should not be allowed to carry continuous deficits.
The monetary base has increased 70% since 2019 -- any asset denominated in dollars is going to require more dollars to buy it... including US-listed stocks... real estate... commodities... it's very simple. The reason the monetary base has increased is because of deficit spending (government spending exceeds tax receipts) and absurd levels of government fiscal stimulus -- much of which STILL hasn't entered the economy. This scares me because it would take a massive reduction in demand to break this inflationary cycle... Sadly, wages have not even come close to keeping up with the cost increases of food and housing... Which has pinched the lower and middle classes... and the reason they feel poorer today than under Trump.
wages have far surpassed inflation for years now. There's literally not a single thing you say on these forums that's ever true. What a lying piece of garbage human being. I've never seen anyone who lies as much as you do for a living. What a sad pathetic life you right wingers have. Imagine having to lie non stop just to feel good about yourself
He does this in every thread. He does nothing other than spew lies and conspiracies which he knows are false. He's a pathetic human being with no morals or values
just the opposite is true. for the education of Traitor George, the Fed has been QT ing (tightening the money supply) since 2020/2021, or as Invisible Fan would parrot "wrecking its balance sheet" wrong again, one can buy dollars with any other currency, gold, or even cryptos. just like Invisible, you're confused, all mixed up. for the education of Traitor George, Government spending / tax policies are is the result of Congress' actions / policies the money in circulation is controlled by the Federal Reserve they are separate and distinct. btw, when Trump admin was more heavily into deficit spending, you didn't complain. why now? when Trump was fired as POTUS, the debt level was >40% higher than when he was hired with 8 more months to go in his first term as POTUS, the debt level under Biden , so far, has increased 16%
For those struggling to keep up... (adoo, you are just not even close to being able to debate this -- you are lost and way behind, tbh) The CPI-U (inflation in urban areas) is up almost 30% under Biden. Wages most assuredly are NOT up 30% since 2019 for urban Americans. https://fred.stlouisfed.org/series/CPIAUCSL The monetary base is up 70% since 2019. Information at the link below. https://fred.stlouisfed.org/series/BOGMBASE/ Trump is the inflation buster that lower and middle class Americans need. Under Trump life was far more affordable.
Cost is the most pressing issue amongst voters. Who knew. I was told the unemployment numbers and stock market were more important.
The largest expansion of m1 supply happened in 2020 while trump was president. We printed more money in 2020 than we have in other year but somehow trump is the inflation buster lol What a utter dumbass you are. You find new ways to embarrass yourself every day
Hold up, you are aware that M1 is not the monetary base, correct? Correct? LMAO COVID happened in 2020 -- and the Democratic-controlled states response to it shut down the economy for a prolonged period of time. THAT is what drove the Fed's decision to print money. Not Trump. You are so far behind here.... Study up before you step up to the plate, rookie! This is just too easy...
"Democratic states shut down the economy" Donald trump ordered a shut down of the country. No matter how much you dipshits lie you can not rewrite history. Trump ordered a shut down of the country. Joe biden did not order a shut down you fraud. I never said M1 is the monetary base you moron. I said the most money printing happened under trump. Trump + covid caused inflation you lying fraud "This is too easy" lol you have never won an argument vs me.
What an outright lie. Shameless. Trump sent the issue to the states, and they had RADICALLY different responses. Florida and Texas were open for business quickly, whereas the Northeast stayed closed for months and months. You are lost, rookie. Very lost. Your credibility has never been lower than right now.
... lol what the **** are you talking about. Donald trump agreed to support an unprecedented 15‐day national shutdown of nonessential activity throughout the country. Do you not have any shame in lying NON STOP trump https://www.modernhealthcare.com/government/trump-calls-shutdown-until-april-30
